Chadron, NE Cost of Living

Chadron cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Chadron, NE cost of living index. The overall cost of living index in Chadron, NE is 85, which is 4% lower than the Nebraska average and 15% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Chadron, NE are 4% lower than the Nebraska average and 10% lower than the national average.

Did you know?

The cost of living in Chadron is 4% lower than the Nebraska average.

The cost of living in Chadron is 15% lower than the national average.

The cost of housing in Chadron is 38% lower than the national average.

Nebraska general sales tax is 8% higher than the national average.

Nebraska state income tax is 11% higher than the national average.

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Compare Chadron, NE Cost of living To Other Cities

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Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Use the salary calculator to compare your current income in Chadron, NE to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Chadron, NE, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Chadron, NE salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$62,962

$5,247

$1,469

$1,889

Renters

$21,250

$1,771

$496

$638

The affordability of the housing market in Chadron, NE as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Chadron, NE homeowners, the median income is $62,962. This indicates that a monthly maximum of $1,469 should be spent by homeowners on all housing related costs. Renters have a median income of $21,250. This indicates that renters should have a maximum of $496 used for their rent related monthly costs.

Nebraska Sales Tax

State

General Sales Tax

With Max Surtax

Nebraska

5.5%

7.5%

Nebraska Income Tax

State

Income Tax (Low)

Income Tax (High)

Nebraska

2.46%

6.84%

When considering the overall cost of living expenses in Chadron, NE, it's important to take into account the sales tax for Nebraska, as well as the rate for income tax in Nebraska. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Nebraska is 7.5%, and the sales tax in the state of Nebraska is 5.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Nebraska starts from 2.46% and goes up to 6.84%.

Goods & Services

Item

Chadron

National avg.

Difference

Haircut

$14.00

$15.56

10.1%

Beauty Salon

$28.87

$36.11

20.1%

Toothpaste

$2.53

$2.47

2.2%

Shampoo

$0.86

$0.96

10.5%

Movie

$9.16

$10.13

9.6%

Bowling

$3.25

$4.74

31.4%

Groceries

Item

Chadron

National avg.

Difference

Ground Beef

$3.85

$3.98

3.5%

Fried Chicken

$1.22

$1.41

13.5%

Milk

$2.17

$2.06

5.0%

Potatoes

$1.93

$2.98

35.2%

Pizza

$10.00

$9.47

5.6%

Beer

$8.56

$8.79

2.6%

Health Care

Item

Chadron

National avg.

Difference

Optometrist

$134.42

$101.04

33.0%

Doctor

$102.85

$107.44

4.3%

Dentist

$86.67

$90.42

4.1%

Ibuprofen

$9.35

$9.28

0.8%

Lipitor

$420.52

$426.50

1.4%

Housing

Item

Chadron

National avg.

Difference

Home Price

$112,700.00

$175,700.00

35.9%

Avg. Mortgage Payment

$948.75

$1,133.23

16.3%

Apartment Rent

$512.00

$920.00

44.3%

Transportation

Item

Chadron

National avg.

Difference

Gasoline

$1.97

$1.99

1.0%

Tire Balancing

$48.56

$45.76

6.1%

Utilities

Item

Chadron

National avg.

Difference

All Electricity

$140.93

$163.81

14.0%

Phone

$33.10

$28.39

16.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.